SOCIETY FOR THE PRESERVATION OF MA… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1931

Legal Domicile

Principal Officer

NICHOLAS REDDING

Phone

4106852886

Tax Period

2023-10-01 to 2024-09-30

SOCIETY FOR THE PRESERVATION OF MARYLAND ANTIQUITIES INC, founded in 1931, is a community nonprofit in the Arts, Culture & Humanities sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 37% operating margin.

Mission

FOUNDED IN 1931 AS THE SOCIETY FOR THE PRESERVATION OF MARYLAND ANTIQUITIES, PRESERVATION MARYLAND IS DEDICATED TO PRESERVING MARYLAND'S HISTORIC BUILDINGS, NEIGHBORHOODS, LANDSCAPES, AND ARCHAEOLOGICAL SITES THROUGH OUTREACH, FUNDING, AND ADVOCACY. PRESERVATION MARYLAND IS THE STATE'S OLDEST HISTORIC PRESERVATION ORGANIZATION.

Program Service Accomplishments

Program 1

Expenses: $33,596

FUNDING - SUPPORTS PRESERVATION PROJECTS AND ORGANIZATIONS THROUGH LOANS AND GRANTS.

Program 2

Expenses: $637,749 Revenue: $10,367

EDUCATION AND OUTREACH - WORKS WITH TARGETED ORGANIZATIONS TO ASSESS SPECIFIC NEEDS AND TO HELP ADDRESS THEM THROUGH TECHNICAL ASSISTANCE, WORKSHOPS, PUBLICATIONS, AND GRANTS. ALSO SPONSORS...

EDUCATION AND OUTREACH - WORKS WITH TARGETED ORGANIZATIONS TO ASSESS SPECIFIC NEEDS AND TO HELP ADDRESS THEM THROUGH TECHNICAL ASSISTANCE, WORKSHOPS, PUBLICATIONS, AND GRANTS. ALSO SPONSORS CONFERENCES, LECTURES, AND TOURS.

Program 3

Expenses: $10,781

ADVOCACY - SUPPORTS THE CAUSE OF HISTORIC PRESERVATION BROADLY AS A PARTICIPANT IN ANNUAL EFFORTS TO ENSURE APPROPRIATE PUBLIC FUNDING FOR GOVERNMENT PRESERVATION PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,343,296

Program Service Revenue $10,367

Investment Income $793,099

Other Revenue $157,108

TOTAL REVENUE $4,303,870

Expense Breakdown

Grants Paid $13,431

Salaries & Benefits $1,196,791

Fundraising Expenses $102,848

Program Expenses $2,290,131

Other Expenses $1,506,153

TOTAL EXPENSES $2,716,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,303,870	$2,006,031	+1.1%
Expenses	$2,716,375	$2,097,864	+0.3%
Net Income	$1,587,495	$-91,833	-18.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$190,591

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE BUTLER	DIRECTOR	2.00	Director	$0	$0	$0
BETH MASER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID KATZ	DIRECTOR	2.00	Director	$0	$0	$0
DEAN JAGUSCH	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE ARENDT	DIRECTOR	2.00	Director	$0	$0	$0
JOHN LEITH-TETRAULT	DIRECTOR	2.00	Director	$0	$0	$0
JOHN RENNER	DIRECTOR	2.00	Director	$0	$0	$0
JUSTIN PEAK	DIRECTOR	2.00	Director	$0	$0	$0
KARLA AGHAJANIAN	DIRECTOR	2.00	Director	$0	$0	$0
MARK FLEMMING	DIRECTOR	2.00	Director	$0	$0	$0
MARVIN-ALONZO GREER	DIRECTOR	2.00	Director	$0	$0	$0
SAMUEL K HIMMELRICH JR	DIRECTOR	2.00	Director	$0	$0	$0
DAVID HOGGARD	DIRECTOR	2.00	Director	$0	$0	$0
W WARD BUCHER	DIRECTOR	2.00	Director	$0	$0	$0
ANN POWELL	VICE CHAIR	3.00	Officer Director	$0	$0	$0
DIANE L CASLOW	CHAIR	3.00	Officer Director	$0	$0	$0
ERIC OBER	TREASURER	3.00	Officer Director	$0	$0	$0
LISA SASSER	SECRETARY	3.00	Officer Director	$0	$0	$0
JAELON MOANEY	DIRECTOR	2.00	Director	$0	$0	$0
ROB RUFF	DIRECTOR	2.00	Director	$0	$0	$0
BRYCE TURNER	DIRECTOR	2.00	Director	$0	$0	$0
MARTHA ELLIOTT DEC 524	DIRECTOR	2.00	Director	$0	$0	$0
NICHOLAS REDDING	PRESIDENT & CEO	45.00	Officer	$173,640	$16,951	$190,591

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$4,303,870	$2,716,375	$17,871,655	$1,587,495
2023	$2,006,031	$2,097,864	$14,285,280	$-91,833
2022	$2,780,723	$1,930,269	$13,366,359	$850,454
2021	$2,795,818	$1,657,961	$15,413,425	$1,137,857
2020	$1,349,038	$1,199,966	$13,113,943	$149,072
2019	$3,233,732	$1,378,166	$11,836,147	$1,855,566
2018	$862,696	$854,365	$11,092,382	$8,331

SOCIETY FOR THE PRESERVATION OF MARYLAND ANTIQUITIES INC